A statement released earlier today by Zacks Investment Research about EQT Midstream Partners LP (NYSE:EQM) bumps the target price to $85.00
- Updated: October 8, 2016
Just yesterday EQT Midstream Partners LP (NYSE:EQM) traded 0.23% higher at $75.60. EQT Midstream Partners LP’s 50-day moving average is $77.52 and its 200-day moving average is $76.39. The last stock price is down -1.35% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 390,620 shares of EQM traded hands, up from an average trading volume of 242,843
Zacks Investment Research bumped up the target of EQT Midstream Partners LP (NYSE:EQM) to $85.00 reporting a possible upside of 0.12%.
Recent Performance Chart
EQT Midstream Partners LP has 52 week low of $56.52 and a 52 week high of $80.63 with a PE ratio of 14.91 and has a market capitalization of $0.
Also covering EQT Midstream Partners LP's price target, a total of 14 brokerages have issued a ratings update on EQT Midstream Partners LP. The 12-month price target is $90.82 with five brokerages rating the company a strong buy, eight brokerages rating the company a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About EQT Midstream Partners LP (NYSE:EQM)
EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company operates through two segments: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system. It provides midstream services to EQT Corporation (EQT) and multiple third parties across 20 counties in Pennsylvania and West Virginia through its approximately two assets, such as the transmission and storage system, which serves as a header system transmission pipeline, and the gathering system, which delivers natural gas from wells and other receipt points to transmission pipelines. The Company provides transmission and storage services in over two manners, such as firm service and interruptible service.
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